Headlines abound, the stock market is up 40% from its March lows!!! Let's all celebrate. Those who spoke badly of Obama, Bernanke, and Geithner have their foots in their mouths, right? Not even close. These types of misleading headlines are the very weaponry of a financial system that tricks you, … [Read more...] about How you just lost money in a stock market that's up 40%
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I.O.U.S.A viewing this weekend on CNN
CNN to Broadcast I.O.U.S.A. | Obama Foresees Trillion-Dollar Deficits | A Bipartisan Plea for Fiscal Responsibility | The Government We Deserve CNN to Broadcast I.O.U.S.A. The public has spoken, and we've listened. In response to demand for information about our country's financial challenges, … [Read more...] about I.O.U.S.A viewing this weekend on CNN
This stock market collapse started in 1999
The following charts should look familiar to you: These charts (above) show you the historical account of pricing for the Dow Jones Industrial Average and the Standard & Poor 500 stock indexes. The following chart (below) is also a historical account of pricing for the Dow Jones Industrial … [Read more...] about This stock market collapse started in 1999
Home prices have returned to 1997 levels
One of the reasons that everyone seems to act so surprised at the "economic meltdown" is because we measure everything in U.S. Dollars while paying little attention to the value of the dollar itself. The dollar is a floating currency. The amount of dollars in circulation can dramatically increase or … [Read more...] about Home prices have returned to 1997 levels
Turn Doom & Gloom into Personal Boom
There are 3 economies to pay attention to: Your Personal Economy. This is the one that really matters. The life you will share with your family and friends will be directly impacted by your finances. The People's Economy. This is the wealth of communities of people. You could look at it in terms … [Read more...] about Turn Doom & Gloom into Personal Boom
Weak economy strengthens the incentive for a Solo 401k
This is quite a simple concept so this post will be very brief. Our weak economy has brought very high inflation: currently 13% per year. Future dollars are worth much less than dollars today. With a Solo 401k you can make tax-deductible contributions to your retirement plan in today's dollars … [Read more...] about Weak economy strengthens the incentive for a Solo 401k
Asset-based thinking in the real economy
I'm reposting some of my thoughts from a blog comment discussion from last week. I agree with the perspective that our currency should go back to being pegged to gold. This would force individuals, corporations, and governments to play by the same rules of economics. The side effect is that we … [Read more...] about Asset-based thinking in the real economy
I.O.U.S.A – Former U.S. Controller warns country's finances are unsustainable
This week I attended a special viewing of a new documentary, I.O.U.S.A. This film substantiates the concerns that our country's government and citizens are going broke. One of the main authorities featured is David Walker, former U.S. Comptroller General. Other notables include Warren Buffett (CEO … [Read more...] about I.O.U.S.A – Former U.S. Controller warns country's finances are unsustainable